The tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board. They will be used to attract more than $185 million of private investments for building and rehabilitating multifamily housing that will offer affordable rental fees, according to a news release.

The effort is expected to create 1,248 rental housing units for low-to moderate-income families and 1,002 construction jobs, as well as support 745 nonconstruction jobs.